New Westminster House Market Report – May 2021

New Westminster is an active house market in British Columbia's Lower Mainland. The report below covers sold activity, pricing trends, and market conditions for New Westminster based on MLS® data.

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42
Units Sold
$1,404,670
Avg Sold Price
15d
Avg Days on Market
Balanced Market
Market Condition
244 active at start of month 61 new listings Absorption rate: 17.2% Highest sold: $2,900,000 Lowest sold: $915,000

How Does May 2021 Compare?

Period Units Sold Avg Sold Price Avg DOM
May 2021 (this report) 42 $1,404,670 15d
April 2021 month prior 34 +23.5% $1,406,453 -0.1% 14d +7.1%
May 2020 year ago 4 +950% $1,406,250 -0.1%

3-Year Price Trend — New Westminster House

The New Westminster house real estate market was a Balanced Market in May 2021, with 244 active listings at the start of the month, 42 properties sold, an average sold price of $1,404,670, properties averaging 15 days on market, an absorption rate of 17.2%. All data is sourced from MLS® sold records.
Hani Faraj – RE/MAX Crest Realty
Prepared by
Hani Faraj
RE/MAX Crest • 604-229-3342
Your New Westminster specialist
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Frequently Asked Questions — New Westminster May 2021

In May 2021, the New Westminster house real estate market is classified as a Balanced Market with an absorption rate of 17.2%. The market in New Westminster is currently balanced. Both buyers and sellers have reasonable negotiating positions. Always consult a licensed REALTOR® to assess your specific situation.

Last Update: 06/03/2026   Disclaimer: Listing data is based in whole or in part on data generated by the Real Estate Board of Greater Vancouver and Fraser Valley Real Estate Board which assumes no responsibility for its accuracy.

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